Foreign Investors in DMCC Dubai
Dubai DMCC is a free zone that’s renowned for its emphasis on commodity trading but also houses businesses beyond this sector. It’s a great option for foreign investors who want to register a company in Dubai that’s specifically focused on the trade of commodities and related industries. Its unique niche sets it apart from other free zones like Jebel Ali Free Zone (JAFZA), Dubai Airport Free Zone (DAFZA) and Dubai Silicon Oasis (DSO), which focus on a wide range of sectors.
Commodity traders, logistics companies, financial services providers and technology companies are all allowed to establish their business in Dubai DMCC. These companies are granted a commercial or trading license that allows them to engage in import, export, distribution and consolidation of specific products within the zone.
DMCC’s business-friendly regulations and advanced infrastructure provide an optimal environment for business operations. The absence of corporate and personal income taxes enhances profitability, while the free trade zone status enables easier customs clearance procedures and repatriation of profits. It’s also home to a large and diverse workforce, fostering connections with peers from around the globe.
Are There Any Specific Incentives For Foreign Investors in DMCC Dubai?
The DMCC Dual License is an essential component of business registration in DMCC and allows companies to access the mainland UAE market, which provides greater flexibility when it comes to expanding their reach. In addition, DMCC’s dual-license procedure allows entrepreneurs to take advantage of the country’s lucrative tax incentives.
Setting up a DMCC business can be done in two to four weeks, depending on the type of company and its activity. This process is streamlined for the convenience of entrepreneurs, with half of the procedure being completed remotely. Post-licensing requirements include depositing the required minimum share capital into the company bank account and undergoing an annual audit. Applicants can also choose to rent office space or a flexi desk in the DMCC Business Parks for added convenience.
DMCC has a robust network of industry leaders and offers an extensive list of business services. Moreover, it’s easy to get around the city thanks to its excellent transport links, including metro and bus routes. In addition, it’s located in the heart of new Dubai in Jumeirah Lake Towers (JLT), a high-rise district with an abundance of cafes and restaurants.
With a plethora of business opportunities and a world-class business community, DMCC is an ideal place to launch your company in the UAE. If you’re interested in exploring your business options, contact our team of experts and we will be happy to help! We can assist with DMCC registration and provide advice on the best options for your business. We can even arrange a meeting with an expert to discuss your plans in more detail. Alternatively, you can request a quote and we’ll be in touch with the details.